Lecture 3 Flashcards
What are the core points of realism? How does it look at IPE?
Name 5
How do realists look at globalization?
What is the definition of mercantilism?
What is the theory of classical mercantalism?
Name three
What is the history behind classical mercantalism?
What happend after the rise of classical liberalism?
With respect to mercantalism
What is the infant industry argument? To which theory is it linked?
Mercantalism
Who is Friedrich List? To which theory is he linked?
Mercantalism
Who is Alexander Hamilton? To which theory is he linked?
Mercantalism
When did neo-mercantalism rise?
After 1945, expecially in the 1970’s and 1980’s
How was mercantalism used in the neo-mercantalist era? By whom?
Is mercantalism making a comback? Why is this suggested?
What are the main focus of classical mercantilism and neo-mercantilism?
Classical: Generate trade surplussus; everything is a zero-sum game
Neo: Use defensive economic policies without force
What is the primary unit of analysis for mercantalists?
The state
What is the primary unit of analysis for mercantalists?
The state
To what can the emergence mercantilism be linked?
The first wave of colonialism
What is economic nationalism?
A people’s sense of economic loyalty to their nation-state
What did the US government practise in the 19’th century?
Mercantalism, by creating very high trade barriers
What do economist partly blame for the Great Depression?
Obv. regarding a countries economy
High tariffs that became popular
How did policy in the 1970s and 1980s change in regard of neo-mercantilist policies?
Name four
- More use of neomercantilist tools to protect states and international businesses from economic threats
- Increased political saliency of international economic interdependence and dependence on natural resources
- Greater importance of international finance and trade agreements
- Increased investment in and attention to technological and information innovations
What was the intention of neomercantalist policies?
To reduce vulnerability of states and international businesses to international competition, without undermining a commitment to free trade
How do governments support local companies (without tariffs, trade barriers etc.)?
They often buy “local” thus ensuring that local companies remain competative; funding R&D operations.
What are the fourt reasons in the knowledge structure that afffect countries in unsettling and potentially liberating ways?
- Knowledge and technology are becoming important for power; success is becoming less dependent on land or natural resources
- Profits in the GE, are shifting to those who own the knowledge and control its distribution
- Governments use tactics to limit cross-border information flows
- Tensions between those that own IP and those that believe it should be public exist
How do governments contain and control knowledge?
Name 5
- They have used firewalls to limit access (e.g. Great Firewall)
- Use survaillence systems
- Fund media networks
- Influence campains (e.g. on social media)
- data localization (demand from governments that data from their citizens are stored in their country)
What are six views on Intelectual Property Rights (IPR)?
- Economic Liberals: property rights are fundamental, thus a small but temporary monopoly will incentivize more innovation
- Mercantalists: Nations must develop their own technology and aquire others
- Structuralist: Developed nations use IPR to monopolize global markets
- Constructivist: We have created the IPR issue, thus it is hard to argue that anyone should have exclusive ownership of knowledge.
- Balancers: individual can be creative, while respecting the legitimate economic rights of others
- Abolitionists: IPR distorts markets, undermines competition and reduces innovation.
What are new discussions about IPR?
Whether Traditional Knowledge (TK) also falls under its umbrella.
